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20100551)
<br />(C) "Under" is Nationwide Advantage Mortgaq® Company
<br />Lender is a Mortgage Company
<br />organized and existing under the laws of State of Towa
<br />Lender's address is 1100 Locust St. , Dept. 2009, Des Moines, IA 50391-2009
<br />(D) "Trustee" is Fidelity National Title Insurance Company,
<br />(E) "MFRS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MFRS is the beneficiary
<br />under this Security Instrument. MFRS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MFRS.
<br />~ "Note" means the promissory note signed by Borrower and dated July 19, 2010
<br />The Note states that Borrower owes Lender Fifty Thousand And Zero/100
<br />Dollars
<br />(U.S. $ 50, 000.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than August 01, 2 02 5
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) 'Z.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(n "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check bax as applicable]:
<br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider ^ 1-4 Family Rider
<br />^ VA Rider ^ Biweekly Payment Rider [] Other(s) [specify]
<br />(.n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(I~ "Community Association Dues, Fees, and Assessmeuts" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a Fnancial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of--sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) rnismepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(O) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />3439718 3439718
<br />NE8R45KA -Single Family -Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT WITH MERE
<br />-6A(NEI~DS~o~ pege2oF15 initiais:~~ Form 3028 1/01
<br />6D3005 .~a39718
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